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<br />, , <br /> <br />200806054 <br /> <br />(C) "Lender" is TierOne Bank <br /> <br />Lender is a Savings Bank <br />organized and existing under the laws of UNITED STATES OF AMERICA <br />Lender's address is 1235 N STREET LINCOLN NE 68508- <br /> <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is TierOne Bank . <br /> <br />(E) "Note" means the promissory note signed by Borrower and dated July 08, 2008 <br />The Note states that Borrower owes Lender FORTY SIX THOUSAND AND 00/100 <br />Dollars <br />(U .S, $ 46,000.00 ) plus interest.I3orrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than August 1, 2023 <br />(I<) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br /> <br />[~J Adjustable Rate Rider <br />[J Balloon Rider <br />[] V A Rider <br /> <br />o Condominium Rider 0 Second Home Rider <br />C-.:J Plannf'..d Unit Development Rider [X] 1-4 Family Rider <br />L"l Biweekly Payment Rider [J Otherts) [specify) <br /> <br />(l) "Applicable Law" means all controlling applicable federal. state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(.1) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes. but is not limited to, point-of-sale transfers. automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(I.,) "Jt3scrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation. settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (I) <br />damage to, or destruction of, the Property; (ii) condemnation or other tllking of all or any part of the <br />Property: (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as (0, the <br />value and/or condition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br /> <br />."6INF.~ I0407).O? <br />t!> <br /> <br />In;\i.l" .!:~~_~."_ <br /> <br />0110283038 <br /> <br />P.~. 2 of 1 (; <br /> <br />Yt.. L <br /> <br />Form 3028 1/01 <br />